On October 27, 2020, the Board of Directors of Limoneira Company expanded the size of the Board to ten directors and appointed Jesus Loza to serve as a Class II director, and appointed Amy Fukutomi as a Class II director to fill an existing vacancy on the Board. The Company filed a Current Report on Form 8-K on October 28, 2020 reporting, among other things, under Item 5.02 the appointment of Jesus Loza and Amy Fukutomi to its Board, and the information in the Original Form 8-K is hereby incorporated by reference in its entirety. At the time of the filing of the Original Form 8-K, Mr. Loza's and Ms. Fukutomi's committee assignments had not been determined. Effective January 26, 2021, the Board appointed Mr. Loza to serve as a member of the Risk Management Committee and Marketing Committee of the Board and Ms. Fukutomi to serve as a member of the Marketing Committee and Philanthropy Committee of the Board. Mr. Loza and Ms. Fukutomi will serve as directors until the Annual Meeting of Stockholders to be held in 2022.
Limoneira Company is primarily an agribusiness company. The Company's operations consist of fruit production, sales and marketing, rental operations, real estate, and capital investment activities. It operates in three business divisions: agribusiness, rental operations, and real estate development. The agribusiness division is comprised of four segments: fresh lemons, lemon packing, avocados, and other agribusiness, which includes oranges, specialty citrus and other crops. The agribusiness division includes its core operations of farming, harvesting, lemon packing and lemon sales operations. The rental operations division includes its residential and commercial rentals, leased land operations and organic recycling. The real estate development division includes its investments in real estate development projects. It markets and sells citrus directly to food service, wholesale, and retail customers throughout the United States, Canada, Asia, Australia, and other international markets.